Tanzania

Tanzania should seize the opportunity of rising food prices by investing in smallholder farmers and allow large scale foreign investors targeting exports, Agriculture Council of Tanzania (ACT) Chairman, Salum Shamte has said.

Nigeria's Heirs Holdings Ltd. completes investment in Mtanga Farms, a 2,200 ha farming operation at the heart of Tanzania's national initiative to combat food insecurity.

The move comes after two fact-finding missions led by the foreign secretary last year found farming in the so-called dark continent "exceedingly lucrative" for Bangladeshi investors.

CNN's Robyn Curnow sat down with the head of Tanzania's Development Authority, Aloyce Msanja, to find out about the sale of "unused" land to Korea.

In Kilombero District, Tanzania large swathes of land are being earmarked for large-scale rice production.

Profit-hungry investors hope to avoid the stigma and opposition associated with land grabbing by partnering with local business development groups.

Abu Dhabi's Jenaan Investment owns and leases properties in Egypt and Sudan, as well as leasing land in Tanzania, Ethiopia and the US.

Tanzania expects South Korea to begin farming 15,000 hectares of land in the east African country early next year for food production and processing, a senior official said on Thursday.

Recent years have seen an increasing number of foreign governments acquiring vast tracts of land in Africa for their own use - some say with little or no benefit to Africa.

MMTC, Iffco and Bharti are the latest to find the continent’s land and labour attractive for their agribusiness.

Byn Kikundi är inte ensam. Det kommer många investerare både från utlandet och hemlandet för att bruka mark som inte är deras.

Norfund’s investment will be used to continue expansion of the farm, including preparation of another 2,000 hectares of land, increase in production and storage capacity, machines and equipment